EU to Spend 8.1 Billion Euros on Technology Innovation for Microchip Development

Antonio Rentero,
Linkedin

Investment in chip research will benefit the entire value chain, from semiconductor manufacturers to application and end-system developers.

The European Union (EU) has taken a major step towards promoting chip research and development by announcing an additional investment of ¤8.1 billion. This news is a significant boost for Europe’s semiconductor industry and demonstrates the EU’s commitment to technological innovation.

The decision to allocate such a substantial amount of funding to chip research reflects the recognition of the strategic importance of this technology in a number of sectors, including consumer electronics, communications, automotive, artificial intelligence and many others. Chips are key components in most technological devices and systems, and their continued development is crucial to maintain Europe’s global competitiveness.

Horizon Europe Programme

This additional investment is part of Europe’s Horizon Europe programme, which aims to foster research and innovation in a number of areas. The funding will go to projects that boost research and development of advanced chips, including both improving manufacturing technology and exploring new approaches and applications.

EU investment in chip research also aims to reduce Europe’s dependence on foreign suppliers in this area, especially from countries such as China and the United States. By strengthening Europe’s chip production and development capacity, it is hoped that the region will be able to secure its technological sovereignty and guarantee a secure and reliable supply of key components.

Moreover, this investment is not only focused on chip research and development, but will also go towards projects related to cybersecurity and data privacy. The EU thus recognises the importance of addressing the challenges of information security and protection in an increasingly digitalised environment, as well as fostering the creation of innovative solutions in these fields.

Investment in chip research will benefit the entire value chain, from semiconductor manufacturers to application and end-system developers. It is also expected to create jobs and promote collaboration between companies, universities and research centres across Europe.